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PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). (c) Oxford University Press, 2015. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy).

date: 19 March 2018

Abstract and Keywords

This article analyzes, from a finance perspective, various approaches to commercializing ideas and innovation. It includes an analysis of private and corporate venture capital and other corporate venturing activities such as strategic alliances and mergers and acquisitions (M&A) as well as recent financial innovation. The article is organized as follows. First, it analyzes the relationship between venture capital and innovation, and then focuses on the exit and growth opportunities of venture backed firms. Next it explores corporate venturing activities, examining strategic alliances and M&As as alternatives for acquiring new ideas and innovation. It outlines more recent approaches for funding and commercializing innovation before concluding.

Wolfgang Bessler is professor of finance and banking at Justus-Liebig-University in Giessen. Previously, he was a faculty member at Syracuse University, Rensselaer Polytechnic Institute, and Hamburg University. He has published widely in the leading finance journals. His research interests in corporate finance include financing new ventures, initial public offerings, M&As, and innovations. He serves on the editorial board of various international finance journals.

Julian Holler

Julian Holler holds a PhD in finance from Justus-Liebig-University in Giessen and focuses in his research on alternative investments and hedge funds. He currently works for PricewaterhouseCoopers Advisory.

Martin Seim

Martin Seim is a research assistant and PhD student at the Center for Finance and Banking, Justus-Liebig-University in Giessen. He holds a degree in business administration and focuses his research on corporate finance and security offerings.

Jan Zimmermann

Jan Zimmermann is a research assistant and PhD student at the Center for Finance and Banking, Justus-Liebig-University in Giessen. He graduated in business administration and received an MA in economics from the University of Wisconsin-Milwaukee. His research interests are corporate finance and M&As.

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PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). (c) Oxford University Press, 2015. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy).